OC - Owens Corning Stock Price, Fair Value and News

165.20USD-2.42 (-1.44%)Market Closed

Market Summary

USD165.20-2.42

Market Closed

-1.44%

OC Alerts

1 major insider sales recently.

OC Stock Price

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OC RSI Chart

OC Valuation

Market Cap

13.9B

Price/Earnings (Trailing)

12.48

Price/Sales (Trailing)

1.44

EV/EBITDA

7.1

Price/Free Cashflow

7.28

OC Price/Sales (Trailing)

OC Profitability

EBT Margin

15.19%

Return on Equity

21.19%

Return on Assets

9.87%

Free Cashflow Yield

13.74%

OC Fundamentals

OC Revenue

Revenue (TTM)

9.6B

Rev. Growth (Yr)

-1.33%

Rev. Growth (Qtr)

-0.17%

OC Earnings

Earnings (TTM)

1.1B

Earnings Growth (Yr)

-21.93%

Earnings Growth (Qtr)

128.24%

Breaking Down OC Revenue

Last 7 days

1.4%

Last 30 days

-0.1%

Last 90 days

10.3%

Trailing 12 Months

65.3%

How does OC drawdown profile look like?

OC Financial Health

Current Ratio

1.76

Debt/Equity

0.5

Debt/Cashflow

0.72

OC Investor Care

Dividend Yield

1.4%

Dividend/Share (TTM)

2.24

Buy Backs (1Y)

5.04%

Diluted EPS (TTM)

12.38

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2024	9.6B	0	0	0
2023	9.7B	9.7B	9.7B	9.7B
2022	8.9B	9.3B	9.6B	9.8B
2021	7.4B	8.0B	8.3B	8.5B
2020	7.1B	6.8B	6.8B	7.1B
2019	7.0B	7.1B	7.2B	7.2B
2018	6.6B	6.8B	6.9B	7.1B
2017	5.9B	6.0B	6.2B	6.4B
2016	5.4B	5.5B	5.6B	5.7B
2015	5.2B	5.2B	5.3B	5.3B
2014	5.2B	5.2B	5.3B	5.3B
2013	5.2B	5.1B	5.2B	5.3B
2012	5.4B	5.4B	5.2B	5.2B
2011	5.0B	5.0B	5.3B	5.3B
2010	5.0B	5.2B	5.0B	5.0B
2009	0	5.5B	5.2B	4.8B
2008	0	0	0	5.8B

Get all data in R, Python etc through our Historical Stock Data APIs

Tracking the Latest Insider Buys and Sells of Owens Corning

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Apr 04, 2024	russell paula	acquired	2,437	168	14.43	evp, chief hr officer
Apr 04, 2024	sandri marcio a	acquired	17,811	168	105	president, composites
Apr 04, 2024	nimocks suzanne p	acquired	12,230	168	72.391	-
Apr 04, 2024	williams john david	acquired	28,985	168	171	-
Apr 04, 2024	martin paul edward	acquired	2,965	168	17.554	-
Apr 04, 2024	mannen maryann t.	acquired	14,259	168	84.401	-
Apr 04, 2024	cordeiro eduardo e	acquired	7,485	168	44.305	-
Apr 04, 2024	mendez-andino jose	acquired	4,806	168	28.451	evp, chief r&d officer
Apr 04, 2024	lonergan edward f	acquired	26,871	168	159	-
Apr 04, 2024	festa alfred e	acquired	5,731	168	33.925	-

Which funds bought or sold OC recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 23, 2024	NEW MEXICO EDUCATIONAL RETIREMENT BOARD	unchanged	-	334,000	3,002,000	0.11%
Apr 23, 2024	HALL LAURIE J TRUSTEE	unchanged	-	22,000	200,000	0.07%
Apr 23, 2024	Louisiana State Employees Retirement System	added	2.4	564,330	4,270,080	0.08%
Apr 23, 2024	Livforsakringsbolaget Skandia, Omsesidigt	unchanged	-	609,564	5,374,840	0.45%
Apr 23, 2024	AMALGAMATED BANK	reduced	-10.3	94,000	10,120,000	0.09%
Apr 23, 2024	Global Retirement Partners, LLC	reduced	-1.08	6,341	61,382	-%
Apr 23, 2024	Venturi Wealth Management, LLC	added	650	17,645	20,017	-%
Apr 23, 2024	RATIONAL ADVISORS LLC	sold off	-100	-16,009	-	-%
Apr 23, 2024	Gradient Investments LLC	added	1,500	2,521	2,669	-%
Apr 23, 2024	Accurate Wealth Management, LLC	added	18.86	172,573	821,296	0.24%

Are Funds Buying or Selling OC?

Are funds buying OC calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own OC

No. of Funds

OC Alerts

1 major insider sales recently.

Unveiling Owens Corning's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	vanguard group inc	10.24%	9,104,610	SC 13G/A
Jan 23, 2024	blackrock inc.	12.3%	10,973,403	SC 13G/A
Feb 09, 2023	vanguard group inc	10.26%	9,586,320	SC 13G/A
Jan 27, 2023	blackrock inc.	13.2%	12,334,569	SC 13G/A
Jan 23, 2023	blackrock inc.	13.2%	12,334,569	SC 13G/A
May 10, 2022	vanguard group inc	10.03%	9,740,752	SC 13G/A
Feb 14, 2022	boston partners	4.21%	4,229,563	SC 13G/A
Feb 09, 2022	vanguard group inc	9.73%	9,777,972	SC 13G/A
Jan 27, 2022	blackrock inc.	11.5%	11,559,475	SC 13G/A
Jan 26, 2022	blackrock inc.	11.5%	11,559,475	SC 13G/A

Recent SEC filings of Owens Corning

View All Filings

Date Filed	Form Type	Document
Apr 24, 2024	10-Q	Quarterly Report
Apr 24, 2024	8-K	Current Report
Apr 15, 2024	8-K	Current Report
Apr 08, 2024	4	Insider Trading
Apr 08, 2024	4	Insider Trading
Apr 08, 2024	4	Insider Trading
Apr 08, 2024	4	Insider Trading
Apr 08, 2024	4	Insider Trading
Apr 08, 2024	4	Insider Trading
Apr 08, 2024	4	Insider Trading

Peers (Alternatives to Owens Corning)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
CARR	49.2B	22.1B	-4.57%	29.37%	34.16	2.23	8.21%	-59.82%
BLDR	22.8B	17.1B	-10.58%	102.08%	14.78	1.33	-24.77%	-43.97%
HUBB	21.4B	5.4B	-3.48%	53.71%	28.14	3.98	8.59%	39.18%
CSL	17.9B	4.8B	-3.05%	75.79%	23.36	3.7	-14.85%	-16.95%
LECO	13.5B	4.2B	-7.20%	50.02%	24.76	3.22	11.44%	15.46%
MID-CAP
AYI	7.8B	3.9B	-4.95%	63.84%	20.63	2.02	-6.35%	-0.40%
AAON	7.3B	1.2B	4.86%	37.76%	41.19	6.26	31.47%	76.96%
ATKR	6.6B	3.5B	-0.71%	42.27%	10.06	1.89	-10.84%	-25.77%
AEIS	3.5B	1.7B	-4.73%	9.39%	27.01	2.09	-10.27%	-35.75%
PLUG	1.6B	891.3M	-27.63%	-72.95%	-1.2	1.85	27.07%	-89.06%
SMALL-CAP
APOG	1.4B	1.4B	5.94%	47.26%	13.21	0.98	-1.78%	53.96%
ACTG	497.5M	130.3M	-4.96%	37.57%	7.42	3.82	54.06%	153.62%
ACCO	466.1M	1.8B	-11.21%	8.39%	-21.38	0.25	-5.89%	-65.15%
FCEL	388.6M	103.0M	-23.21%	-53.76%	-4.25	3.77	-24.12%	24.29%
APT	68.5M	61.2M	-3.39%	49.50%	16.36	1.12	-1.21%	27.64%

Owens Corning News

Latest updates

Owens Corning Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	-0.2%	2,300	2,304	2,479	2,563	2,331	2,285	2,529	2,601	2,346	2,131	2,213	2,239	1,915	1,925	1,904	1,625	1,601	1,692	1,883	1,918	1,667
Gross Profit	10.6%	680	615	727	752	589	570	693	734	619	559	596	618	444	484	477	343	306	383	461	440	325
Operating Expenses	-3.1%	277	286	265	265	55.00	391	85.00	247	179	236	204	193	146	212	185	175	1,176	214	186	213	209
S&GA Expenses	-	212	-	201	207	204	-	201	201	184	-	186	188	174	-	163	151	179	-	164	181	182
R&D Expenses	-18.4%	31.00	38.00	29.00	28.00	28.00	33.00	26.00	24.00	23.00	28.00	21.00	22.00	20.00	23.00	20.00	18.00	21.00	22.00	21.00	22.00	22.00
EBITDA Margin	-5.3%	0.22*	0.24*	0.23*	0.24*	0.24*	0.23*	0.25*	0.23*	0.23*	0.23*	0.23*	0.23*	-	-	-	-	-	-	-	-	-
Interest Expenses	21.4%	17.00	14.00	17.00	23.00	22.00	27.00	28.00	26.00	28.00	29.00	31.00	33.00	33.00	34.00	35.00	36.00	27.00	30.00	33.00	32.00	36.00
Income Taxes	120.0%	88.00	40.00	110	121	130	33.00	114	119	107	69.00	94.00	97.00	59.00	10.00	56.00	39.00	24.00	27.00	61.00	59.00	39.00
Earnings Before Taxes	128.4%	386	169	446	464	512	155	582	463	414	296	354	395	268	241	261	135	-893	98.00	212	198	82.00
EBT Margin	-7.6%	0.15*	0.16*	0.16*	0.18*	0.18*	0.17*	0.18*	0.16*	0.16*	0.15*	0.15*	0.15*	-	-	-	-	-	-	-	-	-
Net Income	128.2%	299	131	337	345	383	124	470	343	304	227	260	298	210	232	206	96.00	-917	73.00	150	138	44.00
Net Income Margin	-6.7%	0.12*	0.12*	0.12*	0.14*	0.14*	0.13*	0.14*	0.12*	0.12*	0.12*	0.12*	0.12*	-	-	-	-	-	-	-	-	-
Free Cashflow	-96.6%	24.00	698	691	494	-164	675	461	466	158	335	466	498	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	0.3%	11,269	11,237	11,069	11,001	10,840	10,752	10,721	10,543	10,316	10,015	9,981	9,977	9,560	9,481	9,398	9,370	9,151	10,006	9,955	10,183	10,265
Current Assets	1.6%	3,981	3,917	3,949	3,791	3,593	3,556	3,567	3,689	3,431	3,097	3,143	3,124	2,738	2,606	2,633	2,604	2,332	2,061	2,130	2,239	2,333
Cash Equivalents	-21.9%	1,262	1,615	1,323	968	757	1,099	758	817	755	966	927	895	612	724	654	589	241	179	42.00	100	90.00
Inventory	0.6%	1,205	1,198	1,232	1,288	1,340	1,334	1,322	1,254	1,147	1,078	949	887	854	855	886	951	1,062	1,033	1,031	1,058	1,109
Net PPE	-1.2%	3,796	3,841	3,688	3,723	3,745	3,729	3,660	3,684	3,825	3,873	3,767	3,791	3,758	3,809	3,717	3,716	3,747	3,855	3,759	3,802	3,776
Goodwill	-0.5%	1,385	1,392	1,378	1,387	1,387	1,383	1,367	1,079	983	990	995	16.00	980	989	976	966	959	1,932	1,909	1,940	1,935
Liabilities	-0.5%	5,997	6,027	5,919	5,942	6,003	6,131	6,035	5,956	-	5,680	-	-	-	-	-	-	-	-	-	-	-
Current Liabilities	-2.4%	2,268	2,324	1,826	1,832	1,933	2,104	2,014	1,974	1,999	1,697	1,686	1,637	1,467	1,440	1,351	1,393	1,430	1,329	1,261	1,325	1,275
Short Term Borrowings	0%	1.00	1.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long Term Debt	1.1%	2,645	2,615	3,002	3,004	2,999	2,992	2,988	2,989	2,959	2,960	2,958	3,144	3,145	3,126	3,126	3,314	3,213	2,986	3,180	3,404	3,711
Shareholder's Equity	1.6%	5,247	5,166	5,105	5,034	4,812	4,575	4,661	4,562	4,365	4,335	4,249	4,156	3,967	3,941	3,892	3,663	3,526	4,671	4,522	4,445	4,302
Retained Earnings	5.2%	5,041	4,794	4,718	4,427	4,129	3,794	3,719	3,282	2,974	2,706	2,515	2,282	2,011	1,829	1,625	1,445	1,376	2,319	2,272	2,146	2,033
Additional Paid-In Capital	-0.2%	4,159	4,166	4,152	4,143	4,129	4,139	4,124	4,107	4,091	4,092	4,076	4,064	4,056	4,059	4,064	4,054	4,046	4,051	4,043	4,034	4,025
Shares Outstanding	-0.6%	87.00	87.00	89.00	90.00	91.00	92.00	96.00	99.00	100	104	104	105	-	-	-	-	-	-	-	-	-
Minority Interest	-5.3%	18.00	19.00	20.00	20.00	21.00	21.00	21.00	22.00	24.00	39.00	39.00	39.00	39.00	40.00	40.00	39.00	39.00	40.00	39.00	40.00	40.00
Float	-	-	-	-	11,723	-	-	-	7,226	-	-	-	10,116	-	-	-	6,023	-	-	-	6,332	-

Cashflow (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Cashflow (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-96.6%	24.00	698	691	494	-164	675	461	466	158	335	466	498	204	418	488	281	-52.00	441	309	438	-151
Share Based Compensation	7.7%	14.00	13.00	11.00	14.00	13.00	13.00	13.00	13.00	12.00	14.00	12.00	12.00	12.00	10.00	11.00	9.00	11.00	8.00	10.00	10.00	11.00
Cashflow From Investing	-6.6%	-146	-137	-117	-126	24.00	-50.00	-233	-252	-88.00	-135	-29.00	-92.00	-121	-101	-50.00	7.00	-61.00	-109	-83.00	-107	-95.00
Cashflow From Financing	19.9%	-234	-292	-200	-169	-216	-299	-246	-144	-285	-165	-396	-126	-194	-252	-371	52.00	213	-203	-288	-323	241
Dividend Payments	-100.0%	-	46.00	47.00	47.00	48.00	33.00	33.00	35.00	35.00	27.00	26.00	-	55.00	26.00	26.00	26.00	26.00	23.00	24.00	-	48.00
Buy Backs	-32.4%	161	238	144	115	160	259	206	101	229	135	172	121	142	222	-	-	96.00	-	-	-	61.00

OC Income Statement

2023-12-31

CONSOLIDATED STATEMENTS OF EARNINGS - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Statement [Abstract]
NET SALES	$ 9,677	$ 9,761	$ 8,498
COST OF SALES	6,994	7,145	6,281
Gross margin	2,683	2,616	2,217
OPERATING EXPENSES
Marketing and administrative expenses	831	803	757
Science and technology expenses	123	106	91
Gain on sale of site	(189)	0	0
Gain on equity method investment	0	(130)	0
Other expense (income), net	106	123	(69)
Total operating expenses	871	902	779
OPERATING INCOME	1,812	1,714	1,438
Non-operating expense (income), net	145	(9)	(10)
EARNINGS BEFORE INTEREST AND TAXES	1,667	1,723	1,448
Interest expense, net	76	109	126
Loss on extinguishment of debt	0	0	9
EARNINGS BEFORE TAXES	1,591	1,614	1,313
Income tax expense	401	373	319
Equity in net earnings of affiliates	3	0	1
NET EARNINGS	1,193	1,241	995
Net loss attributable to non-redeemable and redeemable noncontrolling interests	(3)	0	0
NET EARNINGS ATTRIBUTABLE TO OWENS CORNING	$ 1,196	$ 1,241	$ 995
EARNINGS PER COMMON SHARE ATTRIBUTABLE TO OWENS CORNING COMMON STOCKHOLDERS
Basic (dollars per share)	$ 13.27	$ 12.85	$ 9.61
Diluted (dollars per share)	$ 13.14	$ 12.70	$ 9.54
WEIGHTED AVERAGE COMMON SHARES
Basic (in shares)	90.1	96.6	103.5
Diluted (in shares)	91.0	97.7	104.3

OC Balance Sheet

2023-12-31

CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions

Dec. 31, 2023

Dec. 31, 2022

CURRENT ASSETS

Cash and cash equivalents

$ 1,615

$ 1,099

Receivables, Net, Current

987

961

Inventories

1,198

1,334

Assets held for sale

Other current assets

117

Total current assets

3,917

3,556

Property, plant and equipment, net

3,841

3,729

Operating lease right-of-use assets

222

204

Goodwill

1,392

1,383

Intangible assets, net

1,528

1,602

Deferred income taxes

Other non-current assets

313

262

TOTAL ASSETS

11,237

10,752

CURRENT LIABILITIES

Accounts payable

1,216

1,345

Current operating lease liabilities

Long-term debt – current portion

431

Other current liabilities

615

679

Total current liabilities

2,324

2,104

Long-term debt, net of current portion

2,615

2,992

Pension plan liability

Other employee benefits liability

112

118

Non-current operating lease liabilities

165

152

Deferred income taxes

427

388

Other liabilities

315

299

Total liabilities

6,027

6,131

Redeemable noncontrolling interest

OWENS CORNING STOCKHOLDERS’ EQUITY

Preferred stock, par value $0.01 per share

^[1]

Common stock, par value $0.01 per share

^[2]

Additional paid in capital

4,166

4,139

Accumulated earnings

4,794

3,794

Accumulated other comprehensive deficit

(503)

(681)

Cost of common stock in treasury

^[3]

(3,292)

(2,678)

Total Owens Corning stockholders’ equity

5,166

4,575

Noncontrolling interests

Total equity

5,185

4,596

TOTAL LIABILITIES AND EQUITY

$ 11,237

$ 10,752

[1]	10 shares authorized; none issued or outstanding at December 31, 2023 and December 31, 2022
[2]	400 shares authorized; 135.5 issued and 87.2 outstanding at December 31, 2023; 135.5 issued and 91.9 outstanding at December 31, 2022
[3]	48.3 shares at December 31, 2023 and 43.6 shares at December 31, 2022

About Owens Corning

Owens Corning engages in manufacture and sale of insulation, roofing, and fiberglass composite materials in the United States, Canada, Europe, the Asia Pacific, Latin America, and internationally. It operates in three segments: Composites, Insulation, and Roofing. The Composites segment manufactures, fabricates, and sells glass reinforcements in the form of fiber; and glass fiber products in the form of fabrics, non-wovens, and other specialized products. Its products are used in building structures, roofing shingles, tubs and showers, pools, decking, flooring, pipes and tanks, poles, electrical equipment, and wind-energy turbine blades. This segment sells its products directly to parts molders, fabricators, and shingle manufacturers. The Insulation segment manufactures and sells thermal and acoustical batts, loosefill insulation, spray foam insulation, foam sheathing and accessories under the Owens Corning PINK, and FIBERGLAS brands; and glass fiber pipe insulation, energy efficient flexible duct media, bonded and granulated mineral wool insulation, cellular glass insulation, and foam insulation under the FOAMULAR, FOAMGLAS, and Paroc brand names used in construction applications. This segment sells its products primarily to the insulation installers, home centers, lumberyards, retailers, and distributors. The Roofing segment manufactures and sells laminate and strip asphalt roofing shingles, oxidized asphalt materials, and roofing components used in residential and commercial construction, and specialty applications, as well as synthetic packaging materials. This segment sells its products through distributors, home centers, lumberyards, retailers, and contractors, as well as to roofing contractors for built-up roofing asphalt systems; and manufacturers in automotive, chemical, rubber, and construction industries. The company was incorporated in 1938 and is headquartered in Toledo, Ohio.

CEO	Mr. Brian D. Chambers
WEBSITE	owenscorning.com
INDUSTRY	Communication Equipment
EMPLOYEES	19000

Owens Corning Frequently Asked Questions

What is the ticker symbol for Owens Corning? What does OC stand for in stocks?

OC is the stock ticker symbol of Owens Corning. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Owens Corning (OC)?

As of Wed Apr 24 2024, market cap of Owens Corning is 14.37 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of OC stock?

You can check OC's fair value in chart for subscribers.

What is the fair value of OC stock?

You can check OC's fair value in chart for subscribers. The fair value of Owens Corning is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Owens Corning is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for OC so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Owens Corning a good stock to buy?

The fair value guage provides a quick view whether OC is over valued or under valued. Whether Owens Corning is cheap or expensive depends on the assumptions which impact Owens Corning's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for OC.

What is Owens Corning's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Wed Apr 24 2024, OC's PE ratio (Price to Earnings) is 12.02 and Price to Sales (PS) ratio is 1.49. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. OC PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Owens Corning's stock?

In the past 10 years, Owens Corning has provided 0.164 (multiply by 100 for percentage) rate of return.